Lockton appoints COO of US Pacific operations

Insurance broker Lockton has promoted Nate Mundy to senior vice president and chief operating officer of its Pacific operations in the US.

Lockton's Pacific operation includes offices in Los Angeles, San Diego, Orange County, San Fernando Valley, San Francisco, Sacramento, Seattle and Portland.

Mundy succeeds Gary Petrosino, a 40-year industry veteran who is retiring.

Mundy has more than 13 years of experience with Lockton and most recently held the position of senior vice president of operations of the Pacific Series. He has served in various client service and business development support roles at Lockton, including as a member of the merger and acquisition team (PECAP) in New York. Mundy started his insurance career as a trainee with Jardine Lloyd Thompson (JLT) in London.

Petrosino joined Lockton as COO of the Pacific Series in 2016 after serving more than 35 years in underwriting and leadership roles at Chubb. He was executive vice president and western US field operations officer for Chubb when he joined Lockton.

Tim Noonan, CEO of Lockton's Pacific operations, said: "Nate is a respected leader and innovator who has a keen understanding of Lockton's value to clients. He embodies our values and culture, including our entrepreneurial mindset and performance-driven approach, which will help us drive continued growth in the Pacific Series.

"Gary Petrosino is a tremendous leader and an industry icon. He has served Lockton, our clients and the industry with integrity and distinction. We wish him and his wife Judy all the best as they begin their next chapter."